Developer Round-Up

As the market heats up heading into 2014, the questions on everyone’s minds are “can the market sustain some of the high land and building prices we are witnessing across all asset classes?” and “where are the best neighborhoods to invest?”.  So we went to…

Demand for Large Homes in NYC Reaches a Fever Pitch

The New York City property ladder has changed, mainly because New York has changed. The old story had America’s best and brightest move to Manhattan, meet a mate and move to Brooklyn and, with the arrival of children, exit for the suburbs. Today, however, that same family is choosing to stay, resulting in a shortage of the three-bedroom apartments they require.

Small Town (Make Room for thy Neighbors)

“Micro-apartments” is Bloomberg’s ingenious buzz-phrase heard around the world, and like much of this administration’s initiatives, it’s a response to market conditions—and it makes business sense. According to recently published census figures, more people are moving into New York City than are leaving—which reverses a…

Manhattan Transfer

Transportation is key to creating desirable inventory, and the current administration has shown they understand that. Look no further than the extension of the 7 line to Hudson Yards, a move that unlocked more than $5 billion of investment into the neighborhood, as proof that…

Tale of the Tape: Brooklyn vs. Manhattan (Condos vs. Rentals)

The How: We compared the rental prices and sale prices in eight neighborhoods. The Topline:  When it comes to Manhattan and Brooklyn rental prices, in the A-List neighborhood’s high-end buildings, there’s not a dramatic difference in price. However, when we look at condos in these…

Landlord Corner

As the Brooklyn market undergoes dramatic changes, it’s increasingly important for us to regularly ask: are we doing enough to maximize the return on our real estate investments? Any number of obstacles can get in the way; fortunately, we think about these things a lot…

Bringing Perspective to Brooklyn’s Rental Market

At MNS, we love to do deals that make news, like the $9.5M transaction last week for 310 North 7th Street in North Williamsburg (http://www.brownstoner.com/blog/2012/06/310-north-7th-street-sells-for-9-5-million/), but it’s also very flattering when our favorite media outlets like The Real Deal (http://therealdeal.com/blog/2012/05/01/with-new-division-mns-gets-into-investment-sales-game/) and the May 29th issue of…